‘Haunted’ palace for sale in Ras Al Khaimah

The abandoned Al Qasimi palace in Ras Al Khaimah, long operated as a ticketed tourist attraction and known for its haunted reputation, has been listed for sale at AED25 million.

“Many people are intrigued by the legend and want to experience the palace themselves. It has become a part of what makes the place so well-known.” Josh Henrey, senior investment advisor at Bishop & Knight Real Estate said in an exclusive interview with Arabian Business.

Although he denies experiencing any supernatural occurrences himself, Henrey strongly believes that the property’s ‘haunted’ reputation will prove to be a marketing advantage rather than a deterrent.

Ras Al Khaimah’s haunted palace listed

Nearly every prospective buyer who has expressed interest since the listing went live has raised the supernatural stories. “Yes, almost every interested party brings it up. It’s part of the conversation and I’m always happy to explain the legends,” Henrey said.

The tales, passed down through years of visitors and locals, have become central to the property’s identity. Despite not seeing anything strange with his own eyes, he acknowledged its “mysterious” nature.

“The palace is vast, and at night it can certainly feel mysterious, but I believe its energy comes more from history than anything supernatural,” he said.

He views the haunted reputation as a rare asset in the luxury property market. “I see it as a selling point. It’s rare for a property to have such a strong identity and story attached to it. The legend gives it a kind of mystique that people remember. Whether you believe in ghosts or not, you can’t deny that the palace has a special presence.”

The palace spans over 180 million square feet with panoramic views over Ras Al Khaimah. Built in the 1980s as a residence for members of the ruling Al Qasimi family, the structure blends Moroccan, Persian and Indian design influences.

According to Henrey, this was not just a residence but once home to members of the ruling family of RAK. “Its scale, architectural design and cultural significance make it one of the most iconic private palaces in the UAE.”

After years as a private residence, the property operated as a ticketed tourist attraction. The owner has now decided to sell as Ras Al Khaimah’s real estate landscape transforms with developments including Al Marjan Island and the emirate’s upcoming casino project.

The property requires significant restoration work. The palace was built decades ago, Henrey explained, so restoring certain features such as the original marble finishes and structures is necessary. “But these challenges are part of the reward; preserving a property like this means keeping a piece of UAE history alive.”